Grand Rapids' "Medical Mile" is getting another $4.6 million project.
State officials Tuesday announced that state and local tax capture valued at $207,277 will assist Third Coast Development Partners LLC in the construction of a single-story, 22,000-square-foot structure at the former Bishop’s Furniture site at 1697 Michigan St. in Grand Rapids.
The new building will be leased to Spectrum Health for a child care and development center, allowing the hospital to merge current child development activities from two separate locations in the area.
The project will benefit from assistance provided by the Michigan Economic Development Corp. and the Michigan State Housing Development Authority.
“These kinds of projects revitalize local downtowns, making them more attractive places for new investment, new commercial activity and new jobs,” Gov. Jennifer Granholm said. “This new center will be the perfect addition to all the exciting new development happening in Grand Rapids.”
The new center is expected to generate $4.6 million private investment and retain 30 jobs.
The project was one of five announced by state officials Tuesday creating 9,013 jobs.
More at www.themedc.org.
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